Oil traded higher on expected Economic Stimulus

Note: This section contains information in English only.
Source: Bloomberg

On Monday, futures for oil were traded near one-week high amid expectations that Chinese and U.S. policy makers will implement measures that will stimulate their economies. On the NYMEX, October delivery futures for crude were traded at USD96.26, down 15 cents in electronic trade. Earlier in the day it hit a session's high if USD96.60.

Back to articles

Actual Topics

Mon, 10 Sep 2012 14:07:42 GMT

Gold edged higher on Fed easing hopes

Gold futures edged higher on Monday, September 10, as optimism for more quantitative easing in the U.S. supported the precious metal at around six-month highs. Bullion with December contract added 0.15% to $1,735.65 per troy ounce. Other precious metals were also higher on Monday, with copper and palladium for December delivery adding 1.33% and 1.26%, respectively. December silver resisted the trend and lost 0.19%.

Mon, 10 Sep 2012 19:21:43 GMT

The Euro lower versus the U.S. dollar on Fed expectations

On Monday, the 17-nation currency was lower versus the Greenback, but remained supported as disappointing U.S. data fueled expectations of further Fed stimulus. EUR/USD hit a session's low of 1.2700, and subsequently consolidated at 1.2778, losing 0.29% in European afternoon trading session. The pair's support was likely to be at 1.2625, while resistance could be at 1.2816.

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.